The move aims to secure supply for Australia’s east coast amid rising energy demand and price pressures.
Australia will require liquefied natural gas exporters to reserve 20% of their production for the domestic east coast market. The policy targets shortages and price volatility in the region, where demand has outpaced supply in recent months.
The measure follows a 15% increase in east coast gas prices over the past year and concerns over winter supply constraints. Similar interventions occurred in 2017, though the current 20% threshold is the highest mandated to date.
Energy stocks and LNG futures showed muted reaction, with traders awaiting further details on enforcement and exemptions.